There is no major impact from the FTX collapse on TONCOIN as the price trend shows positivity.
On the 4-hours chart, TON crypto is holding above a 200 simple moving line.
The bears are waiting for a selloff at the $2.0 resistance area amid a higher-lower trend.
Amidst the ongoing price correction, the price action of Toncoin reveals a bullish price pattern, which is influencing the buyers to accumulate. While many altcoins fell below their previous yearly lows amid the collapse of FTX, TONCOIN was not majorly affected as the price action shows positivity.
At press time, TONCOIN price bids at the $1.77 mark with the USDT pair. The price action has been pulling a high-low trend for the past several days, but this rally seems to be taking a pause near the next resistance zone. From the November lows, the TON crypto price has gained almost 40% to date.
Source: TON/USDT by Tradingview
Due to price recovery, buyers defend themselves so far close to support trendline since it’s all-time
We współpracy z: https://www.thecoinrepublic.com/2022/12/02/toncoin-price-prediction-ton-crypto-shows-interesting-price-pattern-for-long-term-outlook/
